1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anna11 [10]
3 years ago
13

Star Appliance sells previously owned appliances. Each appliance carries a one-year warranty against defects. Suppose that appli

ance sales for the entire month of December are $50,000. The company expects future warranty costs to be 3% of sales. What amount should Star Appliance report as a liability on December 31?
Business
1 answer:
lawyer [7]3 years ago
6 0

Answer:

$1,500

Explanation:

Data provided in the question

Sales for the appliances for the entire month = $50,000

Expected future warranty cost = 3% of sales

By considering the above information, the amount that should be reported as a liability is    

= Sales for the appliances for the entire month × Expected future warranty cost

= $50,000 × 3%

= $1,500

Simply we multiplied the sales with the given percentage so that the liability amount could arrive

You might be interested in
If you are unhappy with your fitness evaluation results, __________.
Nina [5.8K]
Evaluate you results and set improvement goals. 
you should first identify or go through what you think you did wrong , once you've done  that look for solutions to those mistakes, set your improvement goals.

6 0
4 years ago
Read 2 more answers
[The following information applies to the questions displayed below.]
makvit [3.9K]

Answer:

A. Dr Raw meat Inventory 120,000

Cr Cash 120,000

B. Dr Indirect Materials $186,000

Cr Raw Materials $186,000

C. Dr Direct Materials $15,000

Cr Raw Materials $15,000

Explanation:

Preparation for the journal entries for the above transactions for the month of May.

Dr Raw meat Inventory 120,000

Cr Cash 120,000

(Being to record Raw materials purchases for cash)

B. Dr Indirect Materials $186,000

Cr Raw Materials $186,000

($201,000 - 15,000)

C. Dr Direct Materials $15,000

Cr Raw Materials $15,000

8 0
3 years ago
Producers of Ocean Spray cranberry products decided to make Craisins (and dried cranberry snack food) available in convenience s
mylen [45]
I don’t know what your saying I’m confused I’m sorry
3 0
3 years ago
Investing in stocks and bonds is risky because it is possible to lose all or part of your principal.
Aneli [31]

It's true investing in stocks and bonds is risky because it is possible to lose all or part of your principal.

Investors are unlikely to demand the same returns on their stock investments year after year. Market yields can be expressed as the sum of government bond yields and market risk premiums.

Yes. If you sell bonds before their maturity date, you may incur a loss as the sale price may be lower than the purchase price. Also, if an investor purchases a bond and the company faces financial difficulties, the company may not be able to return all or part of the original investment to the bondholders.

Learn more about bonds at

brainly.com/question/25965295

#SPJ4

8 0
2 years ago
Uma has been given the task of arranging for five-day conference
Dmitry_Shevchenko [17]

Answer:

I think option planning

5 0
3 years ago
Other questions:
  • Abbott Company purchased $6,500 of merchandise inventory on account. Advent uses the perpetual inventory method. Which of the fo
    6·1 answer
  • DiskSan has to order flash transistors ($5 each) to create USB flash memory drives. Their monthly demand is 10,000 units, their
    14·1 answer
  • Mark is developing the marketing strategy for his business, which is a retail store. He knows that situation characteristics wil
    8·1 answer
  • What is one difference between what a Computer Programmer and an Information Support Specialist does?
    10·2 answers
  • Assume the Macro Islands can produce 25 fishing boats or 150 jars of guava jelly in one hour. The Micro Islands can produce 30 f
    6·1 answer
  • Garber Company lends Newell Company $20,000 on April 1, accepting a four-month, 6% interest note. Garber Company prepares financ
    5·1 answer
  • Walther owns a home in flood-prone Paradise Basin. If there is no flood the home and land together will be worth $2400. If there
    9·1 answer
  • A firm is considering moving from the United States to Mexico. The firm pays its U.S. workers $30.00 per hour. Currently, U.S. w
    10·1 answer
  • Companies typically prepare ______ financial statements each accounting period.
    13·1 answer
  • Fuschia company's contribution margin per unit is $12. total fixed costs are $84,000. what is fuschia's break-even point in unit
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!